Since its founding in 2005, Continental
Finance has prided itself on fostering financial inclusion with
innovative and flexible technology to deliver best-in-class
customer support for those consumers who are excluded by
traditional credit card programs.
Continental is one of the nation's leading
marketers and servicers of credit cards for consumers with
less-than-perfect credit
WILMINGTON, Del., May 9, 2024
/PRNewswire/ -- Continental Finance Company LLC, a leading
financial technology company specializing in the marketing and
servicing of bank-issued credit cards for people with less than
perfect credit, announced today the successful acquisition of the
Today Card Portfolio, a prominent credit card portfolio previously
held by Elevate Credit, Inc. & Capital Community Bank, Inc.
This acquisition marks a significant milestone in Continental
Finance's strategic expansion efforts.
The acquisition of the Today Card Portfolio aligns seamlessly
with Continental Finance's vision of empowering individuals with
innovative financial solutions. With this strategic move,
Continental Finance aims to further solidify its position in the
competitive landscape of the financial services industry, offering
unparalleled value and benefits to a growing base of credit card
customers serviced by Continental Finance.
"We are thrilled to announce the acquisition of the Today Card
Portfolio," said Stephen McSorley,
President at Continental Finance. "This strategic move underscores
our unwavering dedication to providing consumers with access to
best-in-class bank-issued financial products. The addition of the
Today Card Portfolio not only strengthens our market presence, but
also adds 25,000 new credit card holders to the portfolio we
service, comprising approximately $1.1
billion in credit card receivables and 1.3 million credit
card accounts."
As part of the acquisition, Continental Finance, along with
banking partner, The Bank of Missouri, completed a seamless transition for
customers on February 25, 2024,
preserving their existing benefits, while introducing new features
and offerings.
Through this strategic acquisition, Continental Finance
reaffirms its dedication to driving innovation, fostering growth,
and delivering unparalleled value to customers. As the financial
services landscape continues to evolve, Continental Finance remains
steadfast in its mission to empower individuals to achieve their
financial goals.
For more information about Continental Finance and its
comprehensive suite of financial products and services, please
visit continentalfinance.com.
About Continental Finance
With over 5.3 million credit cards managed since its founding,
Continental Finance prides itself on excellent customer service and
access to bank-issued credit products with innovative features that
provide affordable and safe options to consumers with poor or
limited credit. Utilizing responsible innovation, Continental
Finance works to provide each customer with the necessary
educational tools for them to be successful in managing their
personal credit.
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SOURCE Continental Finance Company, LLC